Charlotte NC Real Estate Market Reports

How is the Charlotte real estate market doing? We share frequent market report statistics to keep you up to date on the state of the local markets.

Creekshire Estates Market Report September, 2021

09/05/2021 by Debe Leave a Comment

Creekshire Estates Market Report September, 2021

Living in Creekshire Estates in Steele Creek

Creekshire Estates, a highly desirable neighborhood, in Charlotte’s popular Steele Creek community. The majority of the community was built by M/I Homes, an Energy Star Partner.

The HOA dues are quite reasonable and the neighbors, quite friendly. The convenient location makes Creekshire the kind of community that many Charlotte home buyers want to call home. The builder offered a 30-year transferable warranty as well, currently with approximately 20 years remaining on the warranties.

Residents enjoy a fabulous community pool and a very social neighborhood in one of Charlotte’s most popular areas.

For those reasons, Creekshire Estates homes tend to command top dollar, selling in a relatively short period of time – especially in our current, hot market.

How’s the market in Creekshire Estates?

Here is the latest data on this popular Steele Creek community:

CURRENT INVENTORY – Less than a ½-month supply (0.5 months)

AVERAGE SALES PRICE – $388,667

AVERAGE DAYS ON THE MARKET – 24

AVERAGE PRICE PER SQUARE FOOT – $132.

AVERAGE TOTAL NUMBER OF SHOWINGS UNTIL CONTRACT – 14.6

BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Creekshire Estates. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Steele Creek market with you…and give you the grand tour of this popular area!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

SELLERS

If you’re thinking of selling your Creekshire home, let’s talk! As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310 *References from any of our sellers are available upon request.

Read our reviews at www.CharlotteRealEstateAgentReviews.com.

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

SEARCH ALL CREEKSHIRE ESTATES HOMES FOR SALE

View our incredible ranch with basement listing that was previously the model home!

Our latest listing in Creekshire Estates is under Contract – in only one day of showings! Our sellers had the luxury of selecting wonderful buyers from a pool of Offers.

Barclay Downs Market Report JUNE, 2021

06/06/2021 by Debe Leave a Comment

How’s the Market in Barclay Downs? Popular SouthPark Neighborhood Market Update JUN 2021

Barclay Downs – A SouthPark Community – Market Report JUN 2021

Barclay Downs Map SouthPark Charlotte NC

BARCLAY DOWNS SOUTHPARK CHARLOTTE: Even if you don’t live in the Barclay Downs community, you typically know the location if you’ve traveled Charlotte streets, even for just a few months! This community borders SouthPark Mall on one end and Alexander Graham Middle School on the other end. Between those two Charlotte hot spots, you’ll find the highly sought-after community of Barclay Downs.

The neighborhood is composed of nearly 400 homes, mostly brick, developed in the 1950’s. Most of them have been renovated or cleared and re-built with homes selling in the low $500’s to over $1,500,000.

If you’re searching for lifestyle, discover popular Charlotte neighborhood of Barclay Downs. The popularity of this community is driven by it’s lifestyle, location and amenities. The well-known Barclay Downs Swim and Racquet Club is located at 2912 Inverness Road and is home to the neighborhood’s competitive swim team as well as exciting community events, including their popular 4th of July greasy watermelon event!

The real estate market in Barclay Downs is booming and when well-marketed and priced correctly, sellers enjoy a bountiful sale. Here is the latest data on the Barclay Downs community in SouthPark, Charlotte.

Market Absorption Rate – One of the lowest in the Charlotte Metro region

Average Sales Price

Average Days on the Market – Again, one of the lowest in the Metro

Number of homes on the market

Showings Per Listing

Thinking of selling your Barclay Downs home? Let’s talk! Give me a call or shoot me a text at (704) 491-3310 or visit www.ListMyCharlotteHome.com and complete the information and I’ll be in touch shortly.

SEARCH BARCLAY DOWNS HOMES FOR SALE

SouthPark Market Report JUNE 2021

06/06/2021 by Debe Leave a Comment

SouthPark Real Estate Market Report JUNE 2021

SouthPark, that prestigious address that offers, not only wonderful proximity to everything Charlotte but, a lifestyle that is highly desirable. We are 12 minutes from Uptown and 12 minutes from Ballantyne (north and south) and the same distance from Cotswold on the east side and Dilworth on the west side. It really doesn’t get more ‘central’ than that, does it?! The central location in the city may just be the reason that SouthPark is one of the southeast’s largest live/work communities as well.

A variety of housing styles fill the SouthPark community, ranging from 1950’s ranch properties in Beverly Woods and Barclay Downs to newer multi-million-dollar homes in neighborhoods like Quail Hollow, Carmel Park, Foxcroft, Sharon Hills, Royden and the exclusive gated communities of Morrocroft and nearby Seven Eagles. The Harris YMCA, located at the corner of Sharon and Quail Hollow Roads, is also a legacy from theMorrison/Harris family. Read more about SouthPark neighborhoods here.

The latest numbers are in for MAY and the real estate market remains fairly strong in the SouthPark area.

SouthPark home sales continue to trend upwards, demonstrating that our community remains a hot spot to land when moving to the area! Here is the latest market report:

Average Sales Prices in the Zip Codes that make up the SouthPark community:

The inventory remains low in SouthPark, as in most areas of the US.

New listings during the month of June were 1,935, fairly low inventory and very similar to the previous month.

There are currently 217 homes on the market.

Average sales price during the month of June was $604,890

Average price per square foot during the month of June was $218.

List-to-sales price is at 98.6% in the SouthPark area.

There were 1,730 Closed homes in SouthPark during the month of May.

Average days on the market have increased slightly to 34 in SouthPark.

SEARCH ALL SOUTHPARK HOMES FOR SALE

BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in SouthPark. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the SouthPark/South Charlotte area with you…and give you the grand tour too!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

SELLERS

If you’re thinking of selling your Charlotte home, let’s talk! As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310

*References from any of our sellers are available upon request. Read our reviews www.CharlotteRealEstateAgentReviews.com.

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

How’s the Charlotte Metro Housing Market Faring in May 2021?

05/27/2021 by Debe Leave a Comment

How’s the Charlotte Metro Housing Market Faring in May 2021?

As a colleague said earlier this week, “It’s the wild, Wild West out there!” No truer words have been spoken. In some neighborhoods and price ranges, we are waiting in line to tour homes – and that’s WITH an appointment.

Strategizing our Offers so that they will not only compete, but win, is another challenge. Most have realized that patience is a virtue. I have colleagues who tell me of buyers for whom they have submitted more than 10 Offers – that’s 10 properties they have tried to purchase and were unable to come out on top of the dozens of Offers that were submitted on each property. My recommendation – learn from your losses and KNOW that one buyer WILL win. Why shouldn’t it be you?

With those multiple offer situations driving sales prices above asking price, you simply must be prepared to put your best foot forward. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. If you allow it to, this can create stress and frustration for you as a prospective homebuyer.

New Listings were up in the Charlotte region by 32.5% last month to 5,711. Pending Sales increased 46.3% to 5,453. Inventory shrank 66.8% to 3,018. Prices moved higher as Median Sales Price was up 14.5% to $315,000. Months Supply of Homes for Sale was down 71.4% to 0.6, indicating that demand increased relative to supply for another month.

While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and well into summer months. So, if you’re a buyer, buckle up – it really IS the wild, Wild West out there! And, if you’re a seller, congratulations – you have chosen THE hottest market to cash out that equity that we have ever seen in the history of home sales.

Thinking of buying or selling? Let’s talk! Hiring the right Realtor® for the job has never been more critical.

The Housing Bubble Discussion Again? 🏘

04/24/2021 by Debe Leave a Comment

The Housing Bubble Discussion Again? 🏘

I can’t tell you how often I am asked when I ‘think this bubble is going to burst.’ The ‘mockingbird media’ tends to believe that we are in the midst of a major bubble and that we are soon to be in a world of hurt! This is not about a ‘bubble,’ this is about simple economics, supply & demand.

When asked if today’s high buyer competition and rising home prices are evidence of a housing bubble, Lawrence Yun, Chief Economist at NAR, said “thisis not a bubble. It is simply lack of supply.” Today’s housing market is healthy and rising prices are driven by real buyer demand.

We currently have a record-low number of homes available to buyers. It is impossible to go from a ½ month supply (which we currently have here in the Charlotte Metro) to a 6-month supply (which is a neutral market – good for both buyers AND sellers) in 1-2 years. Our inventory will continue to be low for a considerable amount of time.

The total number of active listings (nationally) this month is down a record 54% from the same week a year ago, according to Realtor.com. In turn, that painfully low inventory has driven national housing prices up 17.2% over last year.
Almost half of homes now sell within one week of being listed. That is broadly across all price ranges as well.

For homebuyers, this can be disheartening; for sellers, celebratory. Hiring a real estate agent who can coach buyers to win at bidding wars is critical in today’s market. Speaking with a seller who just sold their home recently, they could have EASILY walked away with another $25K for the sale of their home. Hiring the right Realtor® is critical to your home selling super success!

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy and rising prices are driven by real buyer demand.

Let’s connect to talk about the best ways to navigate today’s energetic housing market. Call or text me at (704) 491-3310 or email me at SavvyBroker@me.com.

#NOhousingbubble #TheMaxwellHouseGroup #CharlotteHousingMarket #housinginventory #buyerdemand #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #realestategoals #realestatetipsoftheday #realestatetipsandadvice

Charlotte’s Hot Housing Market Likely Won’t Cool in Winter

11/22/2020 by Debe Leave a Comment

Charlotte’s Hot Housing Market Likely Won’t Cool in Winter

While winter is typically a slow season in the Charlotte housing market, economists predict winter 2020 is likely to be atypical. Lawrence Yun, chief economist of the National Association of REALTORS®, says “It will be one of the best winter sales years ever.”

Low inventory levels combined with high demand due to historically low mortgage rates, is sending buyers to the market in a large numbers. Many home buyers are looking to upsize their homes as they work from home as well as having their children attending school from home. As remote work remains an option for many and some employers make it a permanent situation for office workers, some homebuyers are looking to the suburbs to spread out and find larger homes that offer greater affordability.

According to Realtor.com, we are expecting to see an extended home purchase season this year that will stretch well into 2021. As more inventory hits the market, buyers are still pressed to tour fewer homes that fit their criteria and make increasingly strong(er) Offers in order to land their dream home. There is often no time to wait and in certain price ranges, we are seeing more and more multiple Offer situations in the Charlotte region.

Thinking of buying or selling real property in the Charlotte Metro region? Let’s talk! Call or text (704) 491-3310 today.Hiring the right Charlotte Realtor® is key to your home buying success.

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Charlotte NC Real Estate Market Reports

Creekshire Estates Market Report September, 2021

Creekshire Estates Market Report September, 2021

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

Read our reviews at www.CharlotteRealEstateAgentReviews.com.

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

SEARCH ALL CREEKSHIRE ESTATES HOMES FOR SALE

View our incredible ranch with basement listing that was previously the model home!

Barclay Downs Market Report JUNE, 2021

Barclay Downs – A SouthPark Community – Market Report JUN 2021

Average Sales Price

Average Days on the Market – Again, one of the lowest in the Metro

Number of homes on the market

Showings Per Listing

SEARCH BARCLAY DOWNS HOMES FOR SALE

SouthPark Market Report JUNE 2021

SouthPark Real Estate Market Report JUNE 2021

The latest numbers are in for MAY and the real estate market remains fairly strong in the SouthPark area.

SEARCH ALL SOUTHPARK HOMES FOR SALE

How’s the Charlotte Metro Housing Market Faring in May 2021?

The Housing Bubble Discussion Again? 🏘

Charlotte’s Hot Housing Market Likely Won’t Cool in Winter

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